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Strategies & Market Trends : Classic TA Workplace

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To: venividivici who wrote (131875)	4/17/2006 6:38:22 PM
From: skinowski	Read Replies (2) of 209892

What have we here.... Looks like SPX traced out an impulse starting from the Apr 7 top: stockcharts.com[p,a]gaclyyay[d15][pb50!b200][vc60][ila12,26,9][j74568820,y]&listNum=1 At least that's what it looks like for now. Other indices are trickier to interpret. NDX and COMPX declines can be interpreted as impulsive, but they ain't quite as pretty. On NDX, 1721-ish seems to be important. INDU is in a (somewhat) channeling choppy downtrend ever since March 21. Hard to know what to make of it. May reverse up, but if it keeps grinding through supports, it may end up accelerating down.

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